Friday, August 31, 2018

China online video restrictions wipe $20 billion off Tencent's market value

Plans to limit the number of new online video games in China wiped a further $20 billion off Tencent Holdings' market value on Friday, ratcheting up concerns over regulatory risks facing firms in the world's No. 1 market for mobile games.


from Reuters: Technology News https://ift.tt/2NyTm1l

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...